D.R. Horton, Inc.

D.R. Horton, Inc. is the largest homebuilding company in the United States, measured by the number of homes closed. The company constructs and sells homes through its operating divisions in 126 markets across 36 states. D.R. Horton's common stock is part of the S&P 500 Index and is listed on the New York Stock Exchange (NYSE) and NYSE Texas under the ticker symbol "DHI." The company's homebuilding business started in 1978 in Fort Worth, Texas, and its common stock has been publicly traded since 1992. D.R. Horton has closed over 1.2 million homes in its 47-year history and has been the largest volume homebuilder in the United States every year since 2002. The company's business operations include homebuilding, rental, a majority-owned residential lot development company, financial services, and other activities. Homebuilding is the core business, accounting for 92% of consolidated revenues of $34.3 billion and $36.8 billion in fiscal 2025 and 2024, respectively, and 90% of consolidated revenues of $35.5 billion in fiscal 2023. Most homebuilding revenue comes from selling completed homes, with a smaller portion from selling land and lots. Approximately 84% of home sales revenue in fiscal 2025 was from single-family detached homes, with the rest from attached homes like townhomes and duplexes. Product offerings include homes for entry-level, move-up, active adult, and luxury buyers, generally ranging from 1,000 to 4,000 square feet and priced from $250,000 to over $1,000,000. For the year ended September 30, 2025, homebuilding operations closed 84,863 homes with an average closing price of $370,400.